About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   tmmonline.nz  |   landlords.co.nz
Last Article Uploaded: Tuesday, December 10th, 6:02PM
rss
Latest Headlines

Getting to Know: Michael Naylor

Michael Naylor has spent a lot of time studying financial advisers - but he wants you to know he's not a "loony-leftie" academic.

Friday, July 14th 2017, 11:00AM

by Susan Edmunds

Who are you and what do you do?

Michael Naylor and I teach and research into investment and insurance at Massey University.

What prompted your interest in financial advice and financial services?

After leaving New Zealand in 1992, due to lack of jobs, I moved to Singapore and then Malaysia. While working at a university, I become involved in setting up and teaching financial planning. In 1999, I was brought back to New Zealand by Massey to teach risk management and set up Massey’s insurance graduate diploma. As part of that, I became involved with the IAFP, then the FPIA, then the IFA. From talking to many students and advisers over the years, I have become very involved in the New Zealand financial and insurance advice industry.

I come from a rural village background and I seem to have an unusually large number of school friends who have suffered severe accidents. I have thus spent time in spinal hospitals and care facilities, which gave me a keen empathy for the issues which the handicapped face. I thus have a high level of passion about the worth of insurance.

If there is one thing you would like to change about the financial advice industry, what would it be? 

Increase the trust the New Zealand public have for the value of financial and insurance advice.

What’s the best advice you have ever received?

Not to care too much about what others think and to do what’s right.

What would you like advisers to understand about the work you do?

That finance academics aren’t the loonie-left ivory tower types. That our job is to help upskill the industry and make it more professional.

Are you a KiwiSaver member?

Yes, but only recently. The Massey Super scheme offers a better deal.

If so, what’s your investment strategy?

At my age – growth mutual funds.

Outside of work what do you do? 

I love movies, great literature, good friends and the New Zealand bush.

What would you say if one of your kids told you they wanted to be a financial adviser?

It’s a great career, and one which is future-proofed. You’ll need to have more charm and a memory for names than I do.

What’s one thing people may be surprised to know about you?

That I spent 18 months traveling through and living in the world’s poorest countries. One of my favourite memories is of cruising up the Congo River in the deepest heart of the rainforest, sitting on the barge roof with Reggae and Congo-beat music blasting out as canoes emerged from the middle of nowhere.

If you weren’t in this job what would you be doing? 

Working for a consultancy firm or investment bank.

What would you like to be doing in 10 years' time?

Happily retired and travelling the world with my wife. There are still 150 countries I haven’t been to. Probably writing the occasional provocative book.

Tags: financial advisers Getting to Know health insurance IFA investment KiwiSaver Massey University\ risk management

« $2b tilting programme 'good example' for advisersLVR restrictions to be reviewed »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
Subscribe Now

Weekly Wrap

Previous News

MORE NEWS»

Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
ANZ 5.19 4.05 ▲4.05 4.49
ANZ Special - 3.55 ▲3.55 3.99
ASB Bank 5.20 3.89 4.05 4.39
ASB Bank Special - 3.39 3.55 3.89
BNZ - Classic - 3.49 3.45 3.99
BNZ - Mortgage One 5.90 - - -
BNZ - Rapid Repay 5.35 - - -
BNZ - Std, FlyBuys 5.30 4.45 4.35 4.55
BNZ - TotalMoney 5.30 - - -
China Construction Bank 5.50 4.70 4.80 4.95
China Construction Bank Special - 3.19 3.19 3.19
Lender Flt 1yr 2yr 3yr
Credit Union Auckland 5.95 - - -
Credit Union Baywide 5.65 4.75 4.75 -
Credit Union North 6.45 - - -
Credit Union South 5.65 4.75 4.75 -
Finance Direct - - - -
First Credit Union 5.85 3.99 4.49 -
Heartland 6.70 7.00 7.25 7.85
Heartland Bank - Online - - - -
Heretaunga Building Society 5.75 4.80 4.95 -
HSBC Premier 5.24 3.54 3.54 3.69
HSBC Premier LVR > 80% - - - -
Lender Flt 1yr 2yr 3yr
HSBC Special - - - -
ICBC 5.15 3.18 3.18 3.20
Kainga Ora 5.18 4.04 3.95 4.39
Kiwibank ▼5.20 ▲4.20 4.30 4.64
Kiwibank - Capped - - - -
Kiwibank - Offset 5.15 - - -
Kiwibank Special - ▲3.45 3.55 3.89
Liberty 5.69 - - -
Napier Building Society - - - -
Nelson Building Society 5.70 4.25 4.15 -
Pepper Money Near Prime 5.64 - 5.44 5.44
Lender Flt 1yr 2yr 3yr
Pepper Money Prime 5.18 - 4.98 4.98
Pepper Money Specialist 7.59 - 7.39 7.39
Resimac 4.50 4.86 3.89 3.94
RESIMAC Special - - - -
SBS Bank 5.29 4.85 5.05 5.49
SBS Bank Special - ▼3.39 3.45 3.89
Sovereign 5.30 ▼3.89 ▼4.05 ▼4.39
Sovereign Special - ▼3.39 ▼3.55 ▼3.89
The Co-operative Bank - Owner Occ 5.15 3.49 3.59 3.89
The Co-operative Bank - Standard 5.15 3.99 4.09 4.39
TSB Bank 6.09 4.35 4.25 4.69
Lender Flt 1yr 2yr 3yr
TSB Special 5.29 3.55 3.45 3.89
Wairarapa Building Society 5.70 4.85 4.99 -
Westpac 5.34 4.15 4.09 4.49
Westpac - Offset 5.34 - - -
Westpac Special - 3.39 3.45 3.99
Median 5.34 3.99 4.07 4.39

Last updated: 9 December 2019 9:02am

News Quiz

The maximum remuneration model for Australian life insurance advisers is to be set at what?

Upfront 40% + trail 20%

Upfront 50% + trail 10%

Upfront 50% + trail 20%

Upfront 60% + trail 10%

Upfront 60% + trail 20%

MORE QUIZZES »

About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
 
Site by Web Developer and eyelovedesign.com